Announcing its strategic partnership with Harmony, Rubic, in a communique, said that it has joined hands with the former to bring extended convenience for the traders and investors. This partnership will enable investors to trade directly on the network of Harmony while using the exchange platform of Rubic. The collaboration will come up with the convenience of cross-chain swapping to help users swap the Binance and Ethereum tokens to the Harmony network.
This partnership can be easily defined as a game-changer. It offers the opportunity for both platforms to expand their user-base and emerge as a one-stop destination for traders to meet all their investment needs. The distinctive competence of Harmony in terms of offering tools for building decentralized applications (dApps) set it apart from its contemporaries. It has carved a place for itself on a global scale, and developers are using this platform to enhance the scalability of their projects.
The crucial parameters on which the mainnet of Harmony offers a distinct advantage over the rivals is the processing speed of the transactions and their validation. A block on the network can be produced in just 2 seconds, and its revolutionary sharding technology ensures that the validation time for nodes reduces significantly. The company has also introduced the technology called verifiable random function (VRF), proving instrumental in bringing credibility and transparency to the ecosystem.
Rubic has set a target of becoming the best trading platform in the world. To achieve this objective, it will continue to expand on its capabilities by joining forces with other networks in the crypto domain in the future. It will be holding its second vote on the governance next week, in which the holders will take decide on the integration of the next network in the ecosystem of Rubic.